X0304 4 2011-11-17 0 0001136352 INERGY L P NRGY 0001193467 SHERMAN JOHN J TWO BRUSH CREEK BLVD. SUITE 200 KANSAS CITY MO 64112 0 1 0 0 President/CEO/DIRECTOR Common Units 2011-11-17 4 P 0 10000 23.325 A 14863072 I As Trustee of the John J. Sherman Revocable Trust Common Units 476871 I As Trustee of the John J. Sherman 2005 GRAT I Common Units 12123.8149 I By Employee Unit Purchase Plan Common Units 14998 D Class B Units Common Units 4037873 3545817.520 I As Trustee of the John J. Sherman Revocable Trust Class B Units Common Units 131210 115220.192 I As Trustee of the John J. Sherman 2005 GRAT I Mr. Sherman is a trustee of the John J. Sherman 2005 Grantor Retained Annuity Trust I. Mr. Sherman is the trustee of the John J. Sherman Revocable Trust. John Sherman is the sole beneficiary of this trust. Represents common units held in the EUPP. Contributions to the EUPP are used to purchase Inergy common units at the end of each quarter. The Class B units will convert automatically into common units on a one-for-one basis, with 50% of the outstanding Class B units converting into common units following the payment date of the fourth quarterly distribution following the closing of the merger and the remaining outstanding Class B units converting into common units following the payment date of the eighth quarterly distribution following the closing of the merger. /s/ Judy R. Riddle (attorney-in-fact) for John J. Sherman 2011-11-17